Wood Mackenzie: 2017 A Year of Transition for Oil

The transcript discusses the dynamics of oil prices, focusing on the US market's response to price changes and the impact of Saudi Arabia's strategy. It highlights the transition period in 2017, with US shale players poised to react quickly to price incentives. Investor caution and the need for stability in oil prices are emphasized, as they influence capital allocation and market activity. The outlook for mergers and acquisitions in 2017 is explored, noting a shift in activity and significant deals in the Permian Basin and globally.

How do investor sentiments affect the operations of US shale companies?

What role does stability in oil prices play in the decision-making of oil companies?

What trends are expected in mergers and acquisitions in the oil sector in 2017?